Polyamide 6 Daily Review: Cost Support Lifts Chip Market Slightly

1 Today's Summary

①、 Sinopec's caprolactam weekly settlement price last week was RMB 12,910 per ton (six-month interest-free acceptance bill), down RMB 120 per ton from the previous period.

②、

2 Spot Market Overview

Table 1 Summary of Domestic Polyamide 6 Prices (Unit: RMB/ton)

Data source: Longzhong Information

The price of pure benzene from Sinopec has risen, increasing the production cost pressure for chip, leading some polymer producers to raise their factory prices. Coupled with the decreasing availability of low-priced chip from traders, some downstream factories have started to purchase chips in small quantities, improving the market trading activity compared to the previous period. Currently, the price of conventional spun PA6 in East China is cash short-delivered at 13,500-13,700 yuan/ton, while high-speed spun chip is delivered by bill of exchange at 14,000-14,300 yuan/ton.

Figure 1 Domestic Polyamide 6 Weekly Price Trend (Unit: RMB/ton)	Figure 2 Domestic Polyamide 6 and Raw Material Price Trend (Unit: RMB/ton)
Data source: LSRZ Information

3 Production Dynamics

1) The capacity utilization rate of polyamide 6 is 72.80%.

The profit for conventional spinning chip of polyamide 6 is -175 yuan/ton, and the profit for high-speed spinning is 147.5 yuan/ton. Ton.

4 , Price Prediction

Sinopec's paraxylene price increased, driving up the cost of polymerization. Affected by the cost, the cutting stock is expected to show a slight upward trend in the near term. Actual transactions will depend on downstream orders. 。

5 Relevant Product Information

① Caprolactam ： Today The market price of caprolactam in East China is 13,000 yuan/ton by acceptance delivery, an increase of 225 yuan/ton from the previous working day. The listed price of upstream pure benzene continues to rise, and caprolactam producers are reluctant to sell at low prices, with the intention to further follow the price increase.

Nylon filament: The market price of nylon POY 85D/24 in the Jiangsu, Zhejiang, and Fujian regions is 150,000-160,000 yuan/ton, with some higher quotes, and flexible negotiations. The cost is fluctuating, and the focus of price negotiations is within a fluctuating range. Overall, the nylon filament market is characterized by negotiation-based transactions, primarily for restocking essential needs, and the industry is marginally profitable.

6. Data Calendar